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Residence Rules UK?

Now the dust is settling – a little – on Finance Act 2008, HMRC has issued an updated version of IR20.

The revised booklet has some deletions from the previous versions and an extended text about the operation of the new remittance basis charge. Most usefully there is a flow chart which shows how the charge works. I have a copy pinned to my office wall for quick reference!

There will undoubtedly be continuing uncertainty about the new rules but at least we will know what HMRC’s view is in the main areas. Nonetheless so much of the rules relating to residence are a matter of interpretation and it is wise to seek advice if you are unclear about your personal situation.



Date: 23rd July, 2008
Author: Lisa Spearman


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